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BTC/USD Lifted from 26283: Sally Ho’s Technical Analysis – 10 June 2023 Bitcoin (BTC/USD) sought to sustain some minor upside momentum early in the Asian session as the pair was lifted from the 26283.50 area following bids around the 26121.06 area, representing a test of the 61.8% retracement of the appreciating range from 25351.92 to 27402.79. Traders are eyeing some Stops above the 26913 and 27128 areas, retracement levels related to the recent short-term depreciation from 27402.79 to 26121.06. The pair has recently been unable to sustain technical traction above the 27000 figure after being lifted to the 27402.79 area, an appreciation that represented a test of the 27466.83 area. Stops were recently elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30. Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas. Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 27528, 27737, 27805, 28200, 28473, and 28873 levels. Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 100-bar MA (4-hourly)andbelow the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 26727.81 and the200-bar MA(Hourly) at 26728.93. Technical Supportis expected around24440.41/ 23270.10/ 22769.39 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance.US announced on Thursday that it is suspending US dollar deposits, and its banking partners are preparing to halt fiat dollar withdrawals come June 13. On Thursday, Binance’s US arm said it would suspend US dollar (USD) deposits on its platform, while its banking partners have said it will pause fiat dollar withdrawals channels as soon as June 13, Reuters reports. The exchange said in a tweet it is taking “proactive steps” as it transitions to a crypto-only exchange for the time being following the SEC’s lawsuit earlier this week. The platform said staking, trading, deposits, and withdrawals in cryptocurrency remain fully operational. Binance.US further told its users it maintains a 1:1 reserve for customer assets. The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. https://t.co/AZwoBOgsqS and our business partners have not been spared in the use of these tactics, which has created… pic.twitter.com/rlIe6swIoY — Binance.US

The cryptocurrency market continues to experience significant volatility, with two of the top 100 cryptos, Mask Network (MASK) and ApeCoin (APE), declining. These tokens’ price fluctuations persist in a negative direction, leaving investors hoping for a potential rebound soon. In contrast, the Uwerx presale generates increasing excitement as it maintains an upward trend. This cryptocurrency project aims to make a remarkable contribution to the freelance economy, attracting bullish sentiment from investors. Here’s what’s happening in these crypto projects recently. ApeCoin (APE) Is Fueling the Next Metaverse Evolution Launched by Yuga Labs in March 2022, ApeCoin (APE) is the backbone for incentivizing and powering activities within the ApeCoin network. Notably, ApeCoin (APE) has emerged as the leading metaverse token in terms of market capitalization. A key milestone for ApeCoin (APE) has been the introduction of staking, enabling users to lock a portion of their ApeCoin (APE) holdings and participate in transaction validation. With its attractive features, ApeCoin (APE) has garnered significant popularity. Users benefit from low transaction fees, ensuring cost-effective transactions. The network also offers instant transaction processing, enhancing the overall user experience. Moreover, ApeCoin (APE) seamlessly integrates with popular gaming platforms, further driving its appeal in the metaverse space. As the metaverse continues to evolve and gain traction, ApeCoin (APE) stands out as a prominent player, fueling the virtual ecosystem and offering a range of benefits to its users. However, ApeCoin (APE) has steadily declined over the last 30 days. As of writing, ApeCoin(APE) is up by 1.5%. However, it is down by 14% in the last 30 days, with its 24-hour trading volume decreasing by 16.86%. MASK Network (MASK): Powering The Revolution of Social Apps MASK Network (MASK) is an encrypted social messaging platform enabling secure crypto transactions and file-sharing. Its native token, $MASK, facilitates crypto transfers, grants access to platform features, and allows participation in community voting. Recently, MASK Network (MASK) has been in the news. MASK Network (MASK) recently revealed its 3rd Web3 Social Grant round, collaborating with Gitcoin and offering a $50k matching pool. They have also sponsored Decentralized Social Afternoons to foster a vibrant community. In addition, MASK Network (MASK) invested in Telegram's TON, aiming to provide innovative solutions to a broad user base. Furthermore, they received 257,540 ARB tokens from Arbitrum, distributing them to incentivize active community members and support the Mask DAO treasury. However, MASK Network’s (MASK) price has recently declined. The token is down by 2% as of writing. Its 24-hour trading volume has also slumped by 14.83%. Uwerx (WERX) Presale Continues to Surge Uwerx, an innovative cryptocurrency platform for freelancers and clients, is gaining traction with its exciting services and 1% flat fee. Having already secured audit approval from SolidProof and InterFi, Uwerx is currently in its stage 5 presale, moving past stage 1 to 4 within a few weeks while selling millions of WERX tokens. As a result of the rapid success of Uwerx's presale, the Uwerx team adjusted its token allocation, with the presale getting a boosted 57% (427.5 million WERX tokens) of the 700 million total token supply. The team has also announced that the stage 5 presale is set to go live soon. Furthermore, the native token, WERX, is currently priced at $0.041, experiencing significant growth from its starting price of $0.005. Industry experts are highly optimistic about the future of the Uwerx token, predicting it to surpass $3 by Q1 2024. However, Uwerx is achieving more success in other areas of the project. Excitingly, the anticipated Alpha Version of the platform has been launched, featuring the landing page and sign-in/sign-up pages. Additional features such as login, user dashboard, job posting, job search, and more will continue to be rolled out weekly/bi-weekly. Transition to the Beta version will follow soon, allowing users to test the new platform. Users can provide valuable feedback by emailing [email protected] Uwerx has also introduced a new feature called the Uwerx Vault, enabling users to stake their tokens for a preferred duration and earn rewards. As of writing, Uwerx has obtained 5,546 sign-ups and 1,627 and 1,456 followers on Twitter and Telegram, respectively. Initially planned to be locked for 25 years after the presale, the developer's liquidity tokens will be locked sooner after 82.8% of the Uwerx community votes in its favor. Details regarding the lock date will be announced shortly. Additionally, 92.8% of the Uwerx community has approved a test airdrop to validate user wallet addresses. The Uwerx team also plans to renounce ownership of smart contracts upon listing on centralized exchanges, highlighting their commitment to decentralization. With the recent price increase, Uwerx is nearing its proposed $0.095 to $0.115 launch price as the presale is set to close on July 31, 2023. So seize the moment to invest in the crypto market’s next big thing today and get a 15% bonus on all purchases. Buy Presale: https://invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

BTC/USD Weakens Again After Climb: Sally Ho’s Technical Analysis – 9 June 2023 Bitcoin (BTC/USD) remained bearishly on the defensive early in the Asian session as the pair weakened to the 26121.06 area after peaking around the 27402.79 area, representing a test of the 61.8% retracement of the depreciating range from 28473.93 to 25351.92. The pair remains unable to sustain traction above the 27000 figure after being lifted to the 27402.79 area, an appreciation that represented a test of the 27466.83 area. Stops were recently elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30. Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas. Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 26088, 26544, 29813, 26696, 26912, 27281, 27528, 27737, 27805, 28200, 28473, and 28873 levels. Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 100-bar MA (4-hourly)andbelow the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 26806.43 and the100-bar MA(Hourly) at 26530.87. Technical Supportis expected around24440.41/ 23270.10/ 22769.39 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

San Francisco-based Web3 developer hub Ankr has officially launched Enterprise Remote Procedure Call (RPC) services on Microsoft's Azure Marketplace, following their partnership announcement in February this year. The service is intended to provide Azure's vast customer base with low-latency, globally accessible blockchain connections, aiding them in their Web3 project and application development. Notably, Ankr's AppChains, a solution enabling enterprises to deploy dedicated, customizable blockchains, will also be made available on Azure Marketplace. Initial offerings will include the deployment of Polygon Supernets with a promise of more blockchain ecosystem choices in the near future. "Through this partnership, we are abstracting away what is often an impediment to testing, deploying, and scaling Web3 projects seamlessly," shares Daniel An, Microsoft's Director of Business Development. AppChains have been part of Ankr's product line-up for a year now. These scalable, application-specific blockchains facilitate decentralized app development and project execution for Web3 organizations. Their popularity among traditional enterprises has grown significantly due to their versatile application potential across banking, institutional clients, CBDCs, gaming, and more. By offering AppChains through the Azure Marketplace, enterprises have a vetted and trusted platform to explore and adopt this new technology. Ankr's AppChains aim to overcome significant hurdles faced by enterprises, such as scalability, user experience, and the cost of hiring new Web3 engineering talent. AppChains provide speedy and affordable transactions, seamless user experiences, regulatory compliance, and comprehensive engineering support. These advantages could streamline the transition to Web3 for many firms interested in the digital asset space. Peter Stewart, Head of Infrastructure at Ankr, praised the collaboration with Microsoft and highlighted their anticipation for increased demand following the Azure Marketplace launch. Simultaneously, Kev Silk, Ankr AppChains Lead, underscored Ankr's commitment to facilitating Web3 accessibility for large businesses through this enterprise-grade chain solution. "With Microsoft's guidance, we will continue to innovate and improve based on user feedback and performance metrics. This partnership has been remarkable, and we are excited for the future of our Enterprise RPC service," Stewart shares. Ankr, as an all-in-one Web3 developer hub, offers an extensive toolkit to build Web3 apps and establish high-performance connections to over 30 blockchains. Ankr is an approved infrastructure partner for constructing application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche. According to data from 2022, Microsoft Azure is the second-largest cloud service provider worldwide, commanding a market share of approximately 20%. Analysts predict that by 2024, global blockchain technology revenues are expected to reach $23.3 billion. Given this context, the Ankr-Microsoft partnership could be a significant step in catering to this emerging demand. The Ankr and Microsoft Azure collaboration represents an important development in the expansion of Web3, emphasizing the increasing importance of reliable infrastructure in fostering its growth. By facilitating the rapid deployment of customized blockchains and providing scalable connections to over 30 blockchain networks, this partnership could catalyze the mainstream adoption of Web3 technologies. Building Web3 infrastructure is akin to creating the foundational pillars of the next-generation internet. It provides the necessary groundwork that enables decentralized applications (dApps) and platforms to run smoothly. This not only enhances performance but also ensures that these platforms can effectively maintain the decentralized ethos at the heart of the Web3 vision. What's Next For Ankr and Microsoft Azure? Microsoft Azure's involvement in this endeavor is notable. As one of the leading cloud service providers, Azure brings extensive expertise in facilitating scalable, reliable, and secure cloud solutions for various applications. Its entry into the Web3 infrastructure space underscores the intersection of traditional tech giants with the burgeoning field of blockchain technology. In terms of broader implications, the Ankr-Microsoft partnership provides an excellent example of how cloud services can fuel the growth of Web3. Cloud computing, with its inherent flexibility, scalability, and cost-effectiveness, provides an ideal environment for developing and deploying dApps, smart contracts, and other blockchain-powered applications. In fact, the synergy of cloud computing and blockchain could serve as a catalyst for new business models and applications in the Web3 space. For instance, decentralized data storage and management, enhanced digital identity solutions, and streamlined supply chain systems are among the numerous potential applications of a blockchain-cloud fusion. Microsoft Azure, with its robust cloud infrastructure, has a history of fostering such innovations. The platform's as-a-service offerings – including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) – have already disrupted multiple sectors. By extending these capabilities to Web3 infrastructure development, Azure could unlock new frontiers in the decentralized tech landscape. The integration of Ankr’s Enterprise RPC services and AppChains into Azure Marketplace, therefore, not only marks a significant step in Web3 infrastructure development but also demonstrates the potential of cloud services in accelerating the growth of Web3. As enterprises worldwide increasingly recognize the potential of blockchain technology, collaborations like these are likely to become more prominent, shaping the evolution of the Internet as we know it. Partnerships such as Ankr and Microsoft Azure's represent a critical step in this direction, bringing together the flexibility of cloud services with the transformative potential of blockchain technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Fireblocks will be added to the list of MetaMask Institutional custody technology providers, allowing its users to perform token swaps and stake ETH using the app’s dashboard.

BTC/USD Fading Below 27000: Sally Ho’s Technical Analysis – 8 June 2023 Bitcoin (BTC/USD) remained highly volatile early in the Asian session as the pair continued to fade below the 27000 figure after being lifted to the 27402.79 area, an appreciation that represented a test of the 27466.83 area. Stops were recently elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30. Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas. Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 26088, 26544, 29813, 26696, 26912, 27281, 27528, 27737, 27805, 28200, 28473, and 28873 levels. Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the100-bar MA(4-hourly) at 26912.19 and the50-bar MA(Hourly) at 26299.19. Technical Supportis expected around24440.41/ 23270.10/ 22769.39 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

A federal judge has dismissed a lawsuit against PoolTogether, a decentralized finance (DeFi) startup. The lawsuit against PoolTogether was filed in 2021 and alleged that the platform operated in a way that allowed users to scam consumers and evade financial regulation. Lawsuit Against PoolTogether Dismissed In the ruling dismissing the lawsuit, Judge Frederic Block stated that the federal court system was not the appropriate platform to air concerns related to PoolTogether and its operations. This means that many watchers who were anticipating how the courts would handle matters related to decentralized finance would likely have to wait longer. The lawsuit, filed in 2021 by software engineer Kent was among the first to turn to the courts to rule on how the law would apply to decentralized finance. The judge stated in the order, “While Kent no doubt has genuine concerns about PoolTogether—including its legality under New York law—a suit in federal court is not an appropriate way to address them.” DeFi protocols and applications are designed to be completely anonymous and are governed by a community of token holders instead of the entity or individual that creates them. In the lawsuit, Kent alleged that PoolTogether violated New York State’s gambling laws and allowed users to evade financial regulations and scam customers. In the complaint against PoolTogether, Kent stated that the platform was essentially a lottery. Judge Refuses To Be Drawn In The judge refused to dive into the legal questions raised by the lawsuit, focusing instead on where it belonged. The judge asked Kent’s lawyer if the case was better suited to a state court rather than a federal one. Furthermore, the judge’s statements during the hearing for arguments over the motion to dismiss the lawsuit suggested he would rule in favor of PoolTogether and its investors. PoolTogether Skeptical About Motives PoolTogether and its founder, Leighton Cusack, disputed the lawsuit and, in a motion filed in 2022, sought to have Kent’s claims dismissed or push him to arbitrate the matter. PoolTogether has also questioned whether Kent could bring in a lawsuit against the company in the first place. The platform and other defendants have also questioned Kent’s motives behind the lawsuit, adding that he was not harmed by putting his digital assets. The Judge seemed to agree with these statements, stating that putting funds into PoolTogether was a matter of choice and that it was done willingly by the petitioner. However, the judge also seemed to acknowledge the validity of the questions raised in the lawsuit, stating, “We’re dealing with the exotic world we live in today. In this whole new area, there are lots of questions that haven’t been answered.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The former CEO of Binance.US, Brian Brooks, has revealed why he left his position as the CEO of the exchange in court documents submitted this week. Brooks had resigned as the CEO of Binance.US in August 2021, just months after taking the position. Shadow CEO Court documents cited Brooks in a transcript linked to documents regarding the United States Securities and Exchange Commission’s case against Binance, Binance CEO Changpeng Zhao, Bam Trading, and Bam Management. In the interview transcript with the Securities and Exchange Commission (SEC), Brooks was asked about his role as the head of Binance.US; Brooks stated, “I did not work for Binance.com, that nobody at Binance.com was my boss, and that my role was to complete and highlight the corporate separateness. So when I talked to CZ, I considered myself to be talking to him in his role as board chair of BAM Trading. What became clear to me at a certain point was [that] CZ was the CEO of BAM Trading, not me…That wasn’t because Binance.com somehow controlled us, but again, he owns the vast majority of Binance.com, so I put that aside.” At the time of resigning, Brooks stated that he was leaving his position as the CEO of Binance.US because of differences over strategic direction. Brooks held his position at the American arm of Binance for only three months. The SEC’s Case Against Binance The Securities and Exchange Commission filed a lawsuit against Binance and its CEO Changpeng Zhao on Monday. The lawsuit contained 13 charges, including allegations of fraud and co-mingling of customer assets. The action came after months of threats, warnings, and discussions, with the exchange and Zhao accused of operating a “web of deception.” The filing against Binance also includes quotes from multiple unnamed Binance executives, which it stated were acknowledging that they were running Binance.com as an unregistered securities exchange in the US. It also quoted Zhao as seeking ways to keep its VIP customers. According to the lawsuit, Zhao, in a weekly meeting with senior company officials, stated, “We don’t want to lose all the VIPs, which actually contribute to quite a large number of volume. So ideally, we would help them facilitate registering companies or moving the trading volume offshore in some way—in a way that we can accept without them being labeled completely US to us.” Binance Reacts Binance handles billions worth of investments for small and established investors and also sponsors Italian Serie A team Lazio and the Argentina National team. The action on the exchange is part of a wider crackdown on crypto initiated by the SEC, which began after the collapse of FTX. FTX founder Sam Bankman-Fried has been charged with several offenses, including securities fraud and money laundering. Reacting to the SEC lawsuit, Binance stated that it was “disheartened and disappointed” with the SEC lawsuit. It added that it had extensively discussed with the regulator to reach a negotiated settlement. “Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations. But despite our efforts, with its complaint…the SEC abandoned that process and instead chose to act unilaterally and litigate.” The SEC also added that it had filed a temporary restraining order against BAM Trading, BAM Management, which oversees Binance.US operations, and against Binance. If the order is granted, it would look to freeze the assets of BAM Trading and BAM Management. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

As most investors offloaded Coinbase shares following the SEC’s lawsuit, Cathie Wood’s Ark Invest took the opportunity to buy the dip. Cathie Wood’s Ark Invest knows when to grab an opportunity and run. After the US Securities and Exchange Commission (SEC) announced a lawsuit against crypto exchange Coinbase, three funds of Ark Investment Management added almost 420,000 Coinbase (COIN) shares. According to its trade disclosures, the flagship Ark Innovation ETF (NYSE: ARKK) added around 330,000 Coinbase shares, worth about $17 million based on the closing price on Tuesday. Ark Next Generation Internet ETF (NYSE: ARKW) bought about 53,900 shares, worth $2.8 million, and Ark Fintech Innovation ETF (NYSE: ARKF) bought approximately 35,700 shares, worth about $1.8 million, Forbes reports. Throughout Tuesday, Coinbase’s stock dropped 11.4%, with share prices dipping from $58.26 to $51.61. Tuesday’s purchase marks the first since May 3 and brought Ark’s total Coinbase holdings to 11.44 million shares, a position worth approximately $590 million. The SEC’s Crypto Witch Hunt This week, the SEC launched an attack on crypto by suing Coinbase and rival exchange Binance. According to the agency, Coinbase allegedly acted as an unregistered securities exchange, broker, and clearing agency, charging it for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” It further deems at least 13 crypto assets on Coinbase’s platform as “crypto asset securities.” Among the SEC’s extensive list of so-called securities are Cardano (ADA), Polygon (MATIC), and Solana (SOL). The SEC’s declaration of some tokens as securities has caused doubt in the industry. Crypto trading platform Robinhood is reportedly reconsidering its crypto offerings by “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Coinbase CEO and co-founder Brian Armstrong welcomed the lawsuit and said a court battle would help establish much-needed clarity around industry rules and regulations. Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.Remember:1. The SEC reviewed our business and allowed us to become a public company in 2021.2. There is no path to "come in and… — Brian Armstrong

A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.

The v19 hard fork didn’t go as planned for the privacy coin, but a fix has been released; v18 had experienced a few kinks, too.

The oldest privacy coin halted after a failed hard fork, the blockchain reportedly split in two

BTC price action may have taken a serious hit last week, but not every class of Bitcoin investor is dashing to the exit.

The Solana Foundation has launched a real-time carbon emissions tracker to monitor the Solana blockchain.

The real-time dashboard, produced by the Solana Foundation, shows how much carbon the smart contracts platform is emitting.

According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in daily users and sales.